QUOTE(plouffle0789 @ Sep 25 2019, 12:37 PM)
I am not understand why fsmone is a securities can link with dbs vickers.
...
Means like malaysia cimb itrade link with maybank investment bank shares trading account?
I just open the dbs vickers online right??
Cash Account (Online)
Cash Account (Online)A trading account that lets you transact securities in different markets.
Cash Upfront Account
Cash Upfront AccountTrade via iBanking at only 0.12% commission rate on all Singapore cash upfront trades.
What is the difference?
With DBS V, any shares you buy will be stored in CDP (like our Malaysian CDS).
Wrong in Malaysia your broker is link to your CDS which means you have multiple account of CDS if you have many brokers but you cannot use another broker to link to your original CDS.
Eg
Broker A will get you CDS A
Broker B will get you CDS B.
You cannot link Broker B to CDS A
You can link any broker you want to CDP and use that broker to sell from CDP.
FSM can only link and sell from CDP. You cannot use FSM to buy and store shares on CDP.
buy and sell at 0.25% or SGD25 (whichever is higher)
DBS V cash upfront buy only at 0.12% or SGD10
(whichever is higher)
- you cannot sell using DBS V cash upfront. You need to use DBS V cash account which incur cost of 0.25% or SGD25 (whichever is higher)
If you use DBS V cash account to buy overseas shares get ready to be slapped with
- dividend fees
- quarterly platform fees